Ether Hits 10-Month Low Against Bitcoin as ETH ETFs Lag, Sharplink Eyes $16 Target
The ether-to-bitcoin ratio slid to 0.02835 on Tuesday, marking the weakest reading since July 2025 and extending a 35% retreat from the August peak of 0.04324. The pair has now fallen roughly 2% on the session against bitcoins 1% decline, deepening a divergence that has defined the past several months. The ratio remains substantially below its 200-week moving average near 0.04828, a level technical traders view as confirmation that Ethereum sits in a structural bear market relative to bitcoin. Capital rotation toward bitcoin since the January 2024 spot ETF launches continues to weigh on relative performance, despite a sharp interim rebound through late 2025. Ether has tested the $2,400 resistance zone five times over the past month, with each attempt fading without follow-through. The persistent rejection coincides with weak institutional flows: spot ether ETF products attracted only $500 million in net inflows since March, while spot bitcoin equivalents pulled in roughly $4.5 billion over the same window. That nine-to-one disparity in capital allocation has left ETH without the marginal buyer needed to absorb supply at the upper end of its range, leaving the asset trapped beneath a clearly defined ceiling that has now held for six weeks. Exchange supply dynamics are adding